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UPDATE: Mizuho Securities Initiates Coverage On Boston Properties As Best-In-Class REIT

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In a report published Monday, Mizuho Securities analyst Richard Anderson initiated coverage on Boston Properties, Inc. (NYSE: BXP) with a Buy rating and $144.00 price target.

In the report, Mizuho Securities noted, “We are initiating coverage of BXP with Buy rating and a price target of $144. We view BXP as a best-in-class REIT on several measures, including asset quality, its development/leasing acumen, exclusive exposure in barrier markets, and a deep management bench. The Class A office portfolio is located in four markets: New York/Princeton (40% of the portfolio), Boston (30%), the Washington DC metro area (20%), and San Francisco Bay Area (11%). The risks are the stock is expensive by some measures, while a reliance on the technology industry is key factor behind the value creation.”

Boston Properties closed on Friday at $126.34.

Latest Ratings for BXP

DateFirmActionFromTo
Dec 2019DowngradesOverweightNeutral
Dec 2019MaintainsEqual-Weight
Nov 2019MaintainsHold

View More Analyst Ratings for BXP
View the Latest Analyst Ratings

Posted-In: Mizuho Securities Richard AndersonAnalyst Color Initiation Analyst Ratings

 

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